The price system refers to the system by which

The price system refers to the system by which
  • A.
    the government controls price in the economic system
  • B.
    prices tends to rise to a general level
  • C.
    price allocates resources between consumer and producer goods
  • D.
    government allocate resources to consumers and producers
  • E.
    the producers fix the price for their products
Correct Answer: Option C
Explanation
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